Market Summary:
Copper rallies to Median line resistance then begins retracement. Gold’s rally retraces. Silver still can’t move beyond the upper median line.
Crude attempts to break out of down-trend but fails. Natural Gas runs to the uptrend median line parallel.
The US 30yr Treasury Bond in a second move up off the 110 lows. The 10yr yields decline, now below 4.50%.
The US Dollar is a short again.
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S&P 500 Futures #ESH25
Monthly –Monthly bar closes higher than the prior week’s high. Trade pressures remain up. Volumes closed the month of January as bullish. The 6181 price remains the high. The next target up is 6633. A close below 5870, would confirm a weekly move lower. The next target down would be 5523.
Weekly – The weekly has a higher close. Trade pressures remain down, but rising. Volumes remain bullish. A close below 5859 would confirm any daily move lower.
Daily – Flat In the move up off the Monday down opening and recovery. Trade pressures are up and out of the neutral zone. Volumes are now bullish.
The next target up is 6181, the prior high. The expected overbought level rises to 6172.
A close below 6090 would signal lower.The expected oversold level rises to 6050.
[2-21-25: Short from the 6090 entry. Set the SL at 6117.] [lower SL to 6068.]
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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2024 year.
These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
Up 17% for the 2023 Year.
Up 42% for the 2024 Year.
Portfolio stock values for 2025.
The portfolio value rises to $117,000.
The Year-to-Date portfolio performance is up 17%.
[The author may be long or short any of these issues mentioned],